Mathematical Statistics: Statistical Modelling of Extreme Values

<p>How big waves and how strong winds to we need to worry about? An introduction to the theory of extreme events.</p><p>Extreme value theory concerns mathematical modelling of extreme events. Recent developments have introduced very flexible and theoretically well motivated semi-parametric models for extreme values which now are at the stage where they can be used to address important technological problems on handling risks in areas such as wind engineering, hydrology, flood monitoring and prediction, climatic changes, structural reliability, corrosion modelling, and large insurance claims or large fluctuations in financial data (volatility).</p> <p>The course will give an overview of a number of different topics in modern extreme value theory including the following topics: * Statistical methods for extremal events, * Some examples of application of the theory in large insurance claims due to windstorms, flood monitoring and pit corrosion, * Exercises on detailed ``step-by-step'' use of extreme value modelling, and * Discussion of some open problems in the field.</p><p>https://www.maths.lu.se/english/education/all-courses/courses-faculty-of-science/</p>